Originations

Three of the four largest title insurers were profitable in the third quarter; First American's loss should set it up for future gains, its execs said.

As home prices rise, leading to larger transaction amounts, Certifid doubled the amount of wire fraud insurance coverage provided for transfers it vets.

A Billings, Montana-based First Interstate Bank agreed to a five-figure penalty to resolve charges it engaged in National Flood Insurance Act violations.

But the purchase business that brings in three times the fee size as refinancings will be the driver of the improvement for the publicly traded title underwriters.

Risks include pushing debt-to-income ratios too high for qualifying and rising costs leading to defaults, all of which affect the secondary markets.

One California insurer received an approved rate change for 56.4%, an increase affecting over 17,000 borrowers.

New insurance written in the second quarter was only 2% lower year-over-year, the smallest drop in nearly three years.

In the three years since the Surfside condo collapse, Fannie Mae and Freddie Mac have made policy changes intended to address safety concerns.

Lenders need to look at both data and algorithms to avoid inadvertent redlining complaints, not just in decision making but customer contact too.

At the same time, market share among a trio of the mortgage insurers shifted, data compiled by Keefe, Bruyette & Woods found.

The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.

Unintended consequences of shifting the burden for title insurance to the lender could end up harming consumers, several observers said.

Cost of property coverage rose more than 55% over the last five years and it'll likely keep rising through 2024, a report from Guaranteed Rate found.

The American Land Title Association, which represents the title insurance industry, argued that the program would not cut costs for those who really needed it.

This business, tied to the mortgage origination outlook, is becoming ly attractive for 2024, according to BTIG.

The digital lender's product comes amid soaring expenses for homeowner's coverage.

A combination of economic and environmental factors are sending property and flood coverage premiums soaring, which can make costs insurmountable for some.

The large companies are facing macroeconomic pressures because of high mortgage rates, Fitch said, but the American Land Title Association noted the industry's strong financial position.

The ledger technology can make artificial intelligence systems more transparent, some industry stakeholders say.

The first and fourth-largest home insurers in the Golden State won't issue new policies because of rising construction costs and exposure to catastrophes.